Real Estate Market Report for
Vernon, BC

Updated : Aug 2016
House
  • Median price $439,000
  • Monthly growth 25.46 %
  • Quarterly trend
  • Stock on market 2.48%
Apartment
  • Median price $256,000
  • Monthly growth 19.34 %
  • Quarterly trend
  • Stock on market 0.61%
Vernon Home Price

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Vernon was Canada’s 593th most expensive suburb by listed median house price this month.

Vernon, British Columbia has a median house price of $439,000 when compiling all the home listings in Aug .

Vernon’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

Across British Columbia Vernon has the 10th most properties on offer with 359.

As one of British Columbia’s many potential real estate investment neighbourhoods, Vernon needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Vernon have dried up which would tend to indicate that demand is higher than the supply of new properties.

Vernon was Canada’s 338th most expensive suburb by listed median house price this month.

When our research team crunched the numbers we calculated that Vernon has a median home price of $256,000.

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.

From our data, it appears that neighbourhood is number 74th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

In Vernon, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Beds Median price (House) Median price (Apartment)
1 bedroom $235,500 $169,000
2 bedrooms $314,900 $219,900
3 bedrooms $424,900 $487,450
4 bedrooms $539,900 $414,000
5 bedrooms $502,450
6 bedrooms $775,000 $734,000
Demographics

Corresponding census subdivisions are provided for the following place names where data is not available.

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